Property was valued today at $$28,800.$ The property had appreciated

$3\frac{1}{2}\%$ each year for the last four years. What was the value four

years ago?

"Fantastic" sold a piece of property for $$16,000.$ He realized a

$15\%$ profit. How much did he pay for the property?

Mrs$.$ Smith realized $$67,432\mathrm{.}50$ for the sale of a property. If she

had paid the broker $7\frac{1}{2}\%$ commission, how much did the property sell

for?

Mrs$.$ Smith realized $$69,302.$ from the sale of her property after paying

the broker $7\frac{1}{4}\%$ commission and advertising expenses of $$75.$ How much

did the property sell for?

"Rap" purchased a piece of property with $100ft.$ frontage and $200ft.$

deep for $$10.$ per sq$.$ft$.$ He paid a sewer assessment of $$2\mathrm{.}50$ a front

foot. He wants to sell and realize a $$1,000.$ net profit after paying

a $10\%$ commission. What must the sales price be$?$

"Ace" wanted to sell his $10$ acres of land. He decided that his only

practical options were to: $A,$ sell the $10$ acres outricht for $$62,000.$

or B$,$ divide the land into Tots of $200$ yards by $60\frac{1}{2}$ yards and sell

each'lot for $$16,000.$ "Ace" chose option B$.$ By doing so he:

A$.$ Gained $$1,210.$

B$.$ Lost $$2,000.$

C$.$ Gained $$2,000.$

D$.$ Did not gain or lose anything.

What would be the gross yearly rent for a building $125ft.$ long, $70$

$ft.$ deep and $3$ stories high, if $500sq.$ ft$.$ is used for wall space

and the rent is $$\mathrm{.}65$ per square foot per month?

A$.$ $$204,750\mathrm{.}00$

B$.$ $$200,850\mathrm{.}00$

C$.$ $$16,737*50$

D$.$ Ilone of the above

A home sold for $$7,500.,$ which was a profit of $20\%$ over what the

seller had invested in the property. What did the home cost the

seller?

A$.$ $$6^{},250.$

B$.$ $$6,000.$

C$.$ $$5,850.$

D$.$ $$6,500.$

A new house and lot cost Snyder $$14,000.$ Of this total price, it was

estimated that the lot was worth $$2,000.$ The owner held the property

for two years. Assuming an annual depreciation of $2\frac{1}{2}\%$ on the house

and an annual increase in value of $8\%$ on the lot, what was the total

value of the property at the end of two years?

A$.$ $$13,740\mathrm{.}30$

B$.$ $$12,860\mathrm{.}00$

C$.$ $$15,140\mathrm{.}00$

D$.$ None of the above

A purchaser gives a mortgage of $858$ of the purchase price at an

annual interest rate of $68.$ If the monthly interest payments

are $$123.$ What is the purchase price to the nearest dollar?

A$.$ $$24,117.$

E$.$ $$20,910.$

C$.$ $$28,941.$

D$.$ None of the above